Tag: business
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Transaction Reconciliation Sucks. Now, You Can Automate it Instead.
There’s a difference between what you know about your business’s finances and what your bank knows. Balancing out the difference is a process called “transaction reconciliation.” Doing it manually sucks time, energy, and momentum out of your day-to-day. But with Neat, you can reclaim that precious time and energy by automating the task. The many…
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Ask the Expert: An MBA’s Guide to Cash Flow Analysis
Research from Bank of America tells us that of all the businesses that conduct yearly cash flow analyses and forecasts, only 36% succeed. That number jumps to 80% for companies that perform this exercise monthly. That begs the question: If performing a monthly cash flow analysis more than doubles a company’s chance of survival, why…
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How a Bookkeeping App Lets You Complete Bookkeeping Tasks in Minutes, Not Hours
As a small business owner, you’re starved for time. Seventy percent of small business owners say they’re even too busy to eat during the day. One significant time- (and lunch-) stealing activity? Bookkeeping. Forty percent of small business owners report spending 80 hours per year on accounting and tax prep. Manual tasks like categorizing transactions…
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Ask the Expert: How to Improve Your Customer Support
According to SCORE, 40% of small businesses believe that customer experience helps retention and is their top growth strategy. At Neat, we definitely agree, which is why we believe in the importance of customer support. “You’re only as good as your last customer interaction,” says Jeff Gove, VP of operations and information tech at Neat.…
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Inefficient Bookkeeping is Costing Your Small Business: Here’s How to Improve
40% of small business owners spend 80 hours on tax preparation/bookkeeping tasks each year — from manually entering transaction data into a spreadsheet to determining how to categorize transactions. The time spent on this process is frustrating enough. After all, you have other business activities to take care of, such as marketing and budgeting. But…
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What You Need to Know About Google’s E-A-T Algorithm
If you’re a small business owner, you’ve heard it over and over again: It’s important to convince Google your small business website is credible. Unless you’re a search engine optimization (SEO) expert, you probably have more questions than answers. Questions like: How do I get my website to rank higher on Google? How do you…
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Ask the Expert: The CFO’s Guide to Reducing Business Costs
According to the Small Business Credit Survey, 19% of small business owners are hard-pressed to find funds to keep the lights on. While making more revenue would obviously be the ideal solution, reducing business costs is often necessary to ensure the survival of your small business. At Neat, we’ve had to reduce business costs many…
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Simplify Bookkeeping with These Five Types of Business Expenses
If you’ve used small-business accounting software, you’ve been faced with dozens of expense categories. (Does printing for a client go under the “Cost of Goods Sold” or “Office Supplies” category?) It can be overwhelming, to say the least. But it doesn’t have to be. At Neat, we’ve found that organizing business expenses into just five…
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4 Cybersecurity Tips for Remote Work
With the somewhat chaotic introduction of remote work, many companies were unable to take the time to create proper cybersecurity protocols. Although companies have a great deal of control while their employees are at the office, that luxury is no longer afforded when everyone is working remotely. Creating cybersecurity policies for remote work and educating…
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How to Calculate ROI Before Buying a Business
Founding a startup company can lead to excitement and rewards. On the other hand, if you want a way to own a small business with all of the rewards and a little less excitement, you might consider buying an existing business. If you buy the right company, you should already have a customer base, revenues,…